Prosus has announced a definitive agreement to acquire Despegar (NYSE: DESP), Latin America’s leading Online Travel Agency, for US$1.7 billion at $19.50 per share, representing a 33% premium. The transaction, expected to close in Q2 2025, will expand Prosus’s Latin American ecosystem to serve over 100 million customers.
Despegar operates in 19 Latin American markets through B2C and B2B platforms, handling over 9.5 million transactions annually. The company generated $5.3 billion in gross bookings, $706 million in revenue, and $116 million in EBITDA for 2023. Prosus plans to create synergies between Despegar and its regional businesses, including iFood and Sympla, leveraging its consumer ecosystem to drive growth and enhance platform value.
Prosus ha annunciato un accordo definitivo per acquisire Despegar (NYSE: DESP), la principale agenzia di viaggi online dell’America Latina, per 1,7 miliardi di dollari a $19,50 per azione, rappresentando un premio del 33%. La transazione, prevista per chiudere nel secondo trimestre del 2025, espanderà l’ecosistema di Prosus in America Latina per servire oltre 100 milioni di clienti.
Despegar opera in 19 mercati dell’America Latina attraverso piattaforme B2C e B2B, gestendo oltre 9,5 milioni di transazioni all’anno. L’azienda ha generato 5,3 miliardi di dollari in prenotazioni lorde, 706 milioni di dollari in ricavi e 116 milioni di dollari in EBITDA per il 2023. Prosus prevede di creare sinergie tra Despegar e le sue attività regionali, inclusi iFood e Sympla, sfruttando il suo ecosistema di consumatori per stimolare la crescita e aumentare il valore della piattaforma.
Prosus ha anunciado un acuerdo definitivo para adquirir Despegar (NYSE: DESP), la agencia de viajes en línea líder en América Latina, por 1.7 mil millones de dólares a $19.50 por acción, lo que representa una prima del 33%. Se espera que la transacción se cierre en el segundo trimestre de 2025, lo que expandirá el ecosistema de Prosus en América Latina para atender a más de 100 millones de clientes.
Despegar opera en 19 mercados latinoamericanos a través de plataformas B2C y B2B, manejando más de 9.5 millones de transacciones anuales. La compañía generó 5.3 mil millones de dólares en reservas brutas, 706 millones de dólares en ingresos y 116 millones de dólares en EBITDA para 2023. Prosus planea crear sinergias entre Despegar y sus negocios regionales, incluidos iFood y Sympla, aprovecha su ecosistema de consumidores para impulsar el crecimiento y mejorar el valor de la plataforma.
Prosus는 Despegar (NYSE: DESP), 라틴 아메리카의 주요 온라인 여행사 인수에 대한 최종 계약을 17억 달러에 주당 19.50달러로 체결했다고 발표했습니다. 이는 33%의 프리미엄을 나타냅니다. 이번 거래는 2025년 2분기에 마감될 예정이며, Prosus의 라틴 아메리카 생태계는 1억 명이 넘는 고객을 서비스할 수 있게 될 것입니다.
Despegar는 B2C 및 B2B 플랫폼을 통해 19개의 라틴 아메리카 시장에서 운영되며 연간 950만 건 이상의 거래를 처리합니다. 이 회사는 2023년에 53억 달러의 총 예약, 7억 6백만 달러의 수익, 1억 1천6백만 달러의 EBITDA를 생성했습니다. Prosus는 Despegar와 iFood 및 Sympla를 포함한 지역 비즈니스 간의 시너지를 창출할 계획입니다. 소비자 생태계를 활용하여 성장을 촉진하고 플랫폼 가치를 높일 것입니다.
Prosus a annoncé un accord définitif pour acquérir Despegar (NYSE: DESP), la principale agence de voyage en ligne d’Amérique latine, pour 1,7 milliard de dollars à 19,50 $ par action, représentant une prime de 33%. La transaction, qui devrait être finalisée au deuxième trimestre 2025, élargira l’écosystème de Prosus en Amérique latine pour servir plus de 100 millions de clients.
Despegar opère dans 19 marchés d’Amérique latine via des plateformes B2C et B2B, gérant plus de 9,5 millions de transactions par an. L’entreprise a généré 5,3 milliards de dollars de réservations brutes, 706 millions de dollars de revenus et 116 millions de dollars d’EBITDA pour 2023. Prosus prévoit de créer des synergies entre Despegar et ses activités régionales, y compris iFood et Sympla, en tirant parti de son écosystème de consommateurs pour stimuler la croissance et améliorer la valeur de la plate-forme.
Prosus hat eine endgültige Vereinbarung zur Übernahme von Despegar (NYSE: DESP), der führenden Online-Reiseagentur in Lateinamerika, für 1,7 Milliarden US-Dollar zu einem Preis von 19,50 US-Dollar pro Aktie, was eine Prämie von 33% darstellt, angekündigt. Die Transaktion wird voraussichtlich im 2. Quartal 2025 abgeschlossen, wodurch das lateinamerikanische Ecosystem von Prosus erweitert wird, um über 100 Millionen Kunden zu bedienen.
Despegar operiert in 19 lateinamerikanischen Märkten über B2C- und B2B-Plattformen und verwaltet jährlich über 9,5 Millionen Transaktionen. Das Unternehmen erzielte im Jahr 2023 5,3 Milliarden US-Dollar an Bruttoreservierungen, 706 Millionen US-Dollar an Einnahmen und 116 Millionen US-Dollar EBITDA. Prosus plant, Synergien zwischen Despegar und seinen regionalen Geschäftsbereichen, einschließlich iFood und Sympla, zu schaffen und dabei sein Konsumerecosystem zu nutzen, um das Wachstum zu fördern und den Plattformwert zu steigern.
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The integration potential with Prosus’s existing ecosystem, particularly iFood’s 60 million customer base, presents significant cross-selling opportunities and operational synergies. The transaction’s structure and timing align with market conditions, while the all-cash consideration funded from existing resources indicates Prosus’s strong financial position.
The strategic combination of Despegar’s AI-powered travel platform featuring Sofia (their AI assistant) with Prosus’s advanced AI capabilities signals a significant technological advancement opportunity. Despegar’s dual-model approach – B2C omnichannel platform and B2B white-label solutions – provides multiple growth vectors that can be enhanced through Prosus’s tech expertise.
The integration with Prosus’s regional ecosystem, particularly in mobile-first markets, could accelerate Despegar’s digital transformation and enhance user experience across its 19-market footprint. The potential for AI-driven personalization and cross-platform integration could create substantial competitive advantages in the regional OTA space.
This acquisition strategically positions Prosus to capitalize on Latin America’s growing digital travel market. The region’s expected
The deal’s timing coincides with post-pandemic travel recovery and digital acceleration in Latin America, suggesting potential for significant value creation through ecosystem integration and market consolidation.
Prosus, a global technology company, today announces that it has entered into a definitive agreement to acquire Despegar (NYSE: DESP) a leading Latin American Online Travel Agency (OTA), for
The transaction introduces a significant and compelling addition to Prosus’s
Fabricio Bloisi, CEO of Prosus Group said:
“This acquisition is a clear demonstration of our strategy to build value by creating a high-quality ecosystem of complementary businesses. Despegar is a highly profitable company, with an attractive market position, and an experienced management team – making it a natural addition to our presence in
Damián Scokin, CEO of Despegar said:
“This is an exciting development that delivers a great outcome for Despegar stakeholders. The transaction represents significant value for our stockholders, and I am convinced that Prosus is the ideal partner to drive our next phase of growth. For our customers, this means access to an expanded portfolio of services, better experiences, greater loyalty benefits and more complete solutions tailored to their needs. Prosus has a proven track record of building leading tech businesses across the world, and their deep understanding of the Latin American ecosystem uniquely positions them to drive our next phase of growth.”
Despegar operates in over 19 Latin American markets, serving customers through two primary business models: an omnichannel B2C platform that connects with users via the web, mobile app, and conversational channels powered by the company’s AI assistant,
Over the past two decades, Despegar has developed and grown into a sector leader with a proven and scalable business model. The company handles over 9.5 million transactions annually, generating
Founded in
Prosus sees significant potential in leveraging its extensive consumer ecosystem in the region to drive user growth and engagement on Despegar, while introducing new products and services to enhance the platform’s value proposition over time.
Through this acquisition, Prosus plans to create synergies between Despegar and its other regional businesses, such as iFood, Latin America’s leading food delivery platform with 60 million customers per year, and Sympla, a prominent events platform.
Fabricio Bloisi added:
“Latin America is a market we know and understand well, with real GDP growth of 2
The transaction has been entered into on terms and conditions customary for transaction of this nature, and is subject to the customary closing conditions, including approval by Despegar shareholders and the receipt of necessary regulatory approvals and is expected to close in Q2 2025. The purchase consideration will be funded from existing cash resources.
Morgan Stanley & Co. International PLC is serving as exclusive financial advisor to Prosus; Davis Polk is serving as legal counsel to Prosus. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to the transaction committee; A&O Shearman is serving as legal counsel to Despegar.
23 December 2024
JSE sponsor to Prosus
Investec Bank Limited
About Prosus
Prosus is a global technology company, unlocking an AI-first world for our 2 billion customers. With investments in more than 100 companies across the world, we are building local ecommerce champions in growth markets.
With leading positions in Food Delivery, Classifieds and Fintech, Prosus has created its own unique technology ecosystem, driving innovation, knowledge sharing and growth across our portfolio.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within AI, social and ecommerce platforms, fintech, B2B software, logistics, health, blockchain, agriculture and more.
The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives.
To find out more, please visit www.prosus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241223169395/en/
Enquiries
Eoin Ryan
Head of Investor Relations
Tel: +1 347 210 4305
Email: eoin.ryan@prosus.com
Nicola McGowan
Chief Communications Officer
Tel: +44 7563 257 245
Email: nicola.mcgowan@prosus.com
Sibusiso Tshabalala
Head of Communications,
Tel: +27 81 431 4855
Email: sibusiso.tshabalala@naspers.com
Source: Prosus
Prosus is acquiring Despegar for US$1.7 billion, or $19.50 per share, representing a 33% premium to the closing share price as of December 20, 2024.
In 2023, Despegar reported $5.3 billion in gross bookings, $706 million in revenue, and $116 million in EBITDA, processing over 9.5 million transactions.
The acquisition is expected to close in Q2 2025, subject to shareholder approval and regulatory clearances.
Prosus plans to accelerate Despegar’s growth by integrating it with their Latin American ecosystem, leveraging customer touchpoints, operational expertise, and AI capabilities.
Despegar operates in 19 Latin American markets through B2C and B2B platforms, and is the most recognized travel brand in Latin America, with its Decolar brand being the most recognized in Brazil.
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